All businesses are entitled to deduct expenses from their income before calculating any tax owed. Things like office supplies, travel, professional fees (lawyers, accountants etc) rent, utilities and many others. Things like marketing, advertising, leads etc are also expenses and are most likely deductible.
Because many network marketers are new to business, so, I’m bringing this up about MLM leads so you can ask your accountant about it.
It’s important for every business to claim every legal deduction they are entitled to as it leaves more money to finance more growth. It’s not a case of ripping off the Government or anything bad at all, if your business is entitled to a deduction, it’s your duty to make sure it receives it.
In Australia June 30th is the end of the Financial Year. It is the last day purchases can be made and claimed in the 2016-17 Financial Year.
To help you along we are going to offer you Double Australian Leads from right now until midnight Friday 30th June. Please do feel free to take advantage of this pretty groovy offer. You get double leads and a tax deduction! Sweet right?
Please remember I am not a professional accountant and this is not professional advice. This post is to remind you to speak to your business accountant regarding tax deductions
Don Reid, an experienced MLM builder and Entrepreneur, he founded Apache Leads in 2003. Born in Australia, Don currently lives in Cambodia, when he is not traveling on his many adventures around the world